Analysts' Perspectives on the Shifting Narrative for Anglo American

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Dec 12 2025

0mins

Source: Yahoo Finance

Fair Value and Analyst Ratings: Anglo American's fair value estimate has slightly increased to $29.54, with analysts showing improved confidence in the company's long-term prospects, particularly due to a firmer outlook for iron ore. However, a higher discount rate of 9.50% reflects ongoing macro risks.
Bullish and Bearish Perspectives: Berenberg upgraded Anglo American to Buy, raising its target price, while Citi and JPMorgan maintained Neutral ratings despite raising their targets, indicating that much of the expected improvement may already be priced in.
Merger Developments: Anglo American has rejected a takeover bid from BHP, asserting that it is not superior to its planned merger with Teck Resources, which aims to create a significant player in the copper market.
Production and Future Outlook: The company reported mixed Q3 2025 production results and confirmed guidance for key commodities, while also highlighting a new long-term copper growth initiative in Chile, indicating a strategic focus on premium copper and iron ore.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.